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Property profile & analytics
OFF-MARKET
Strip malls
Alb Shaker Rd, Albany, NY 12211
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-1847983
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Total area
60,221 SF
Lot
10 ac (435,600 SF)
Zoning code
13
APN
012689 43.3-1-5
UPID
US63-1847983
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kimberly Partners Of Albany LP · 14 yrs held
Kimberly Partners Of Albany LP
since 2012
4 recorded transactions
Zoning & alternative use
13 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$4,440,000
Assessed 2023
Previous assessed
$4,440,000
+0.0% YoY
Assessed land
$871,000
Assessed improvement
$3,569,000
Land market value
$1,707,847
Improvement market value
$6,998,053
Total market value
$8,705,900
Applied tax rate
12,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
60,221 SF
Lot
10 ac (435,600 SF)
Zoning code
13
APN
012689 43.3-1-5
UPID
US63-1847983
Jurisdiction
ALBANY
Zoning & alternative use
13 · Albany, NY
Zoning 13 · permitted uses
13 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
10 ac
Current owner
From public records · entity-resolved
Kimberly Partners Of Albany LP
Entity
Free & Clear · 14 yrs held
Mailing address
596 NEW LOUDON RD, LATHAM, NY 12110-4024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2012
$5,500,000
Kimberly Partners Of Albany LP
Kimberly Square INC
Grant Deed
related
—
—
—
Kimberly Partners Of Albany LP
—
Loan Modification
related
$8,416,325 · M & T Bank
—
—
Kimberly Partners Of Albany LP
—
Deed Of Trust
related
$268,718 · Miscellaneous Ins Co
—
—
Kimberly Partners Of Albany LP
—
Loan Modification
related
$10,300,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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